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Pension And Other Post-Retirement Benefits
 9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension And Other Post-Retirement Benefits
The Company sponsors noncontributory defined benefit (pension) plans covering most employees. The plans for salaried and hourly employees currently in effect are based on a formula using the participant’s years of service and compensation or using the participant’s years of service and a dollar amount. The plan was closed to new participants in 2006 and pay for active plan participants was frozen as of December 31, 2007. With the exception of plan participants at one of Tredegar’s U.S. manufacturing facilities, the plan no longer accrues benefits associated with crediting employees for service, thereby freezing future benefits under the plan.

The components of net periodic benefit cost for the pension and other post-retirement benefit programs reflected in consolidated results are shown below:
 
Pension Benefits
 
Other Post-Retirement Benefits
 
Three Months Ended September 30,
 
Three Months Ended September 30,
(In Thousands)
2016
 
2015
 
2016
 
2015
Service cost
$
54

 
$
110

 
$
8

 
$
9

Interest cost
3,263

 
3,288

 
67

 
77

Expected return on plan assets
(4,070
)
 
(4,413
)
 
—

 
—

Amortization of prior service costs, gains or losses and net transition asset
3,135

 
4,094

 
(49
)
 
(65
)
Net periodic benefit cost
$
2,382

 
$
3,079

 
$
26

 
$
21

 
Pension Benefits
 
Other Post-Retirement Benefits
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Service cost
$
178

 
$
398

 
$
29

 
$
33

Interest cost
9,993

 
9,913

 
236

 
244

Expected return on plan assets
(12,027
)
 
(13,227
)
 
—

 
—

Amortization of prior service costs, (gains) losses and net transition asset
9,903

 
12,142

 
(144
)
 
(145
)
Net periodic benefit cost
$
8,047

 
$
9,226

 
$
121

 
$
132


Pension and other post-retirement liabilities were $92.2 million and $101.0 million at September 30, 2016 and December 31, 2015, respectively ($0.6 million included in “Accrued expenses” at September 30, 2016 and December 31, 2015, with the remainder included in “Other noncurrent liabilities” in the consolidated balance sheets). The Company’s required contributions are expected to be approximately $8 million in 2016. Contributions to the pension plan during the first nine months of 2016 were $6.9 million. Tredegar funds its other post-retirement benefits (life insurance and health benefits) on a claims-made basis, which the Company anticipates will be consistent with amounts paid for the year ended December 31, 2015, or $0.3 million.